US Steel Corp. X – Options Review:
We offered up a possible trade idea for the X chain in Friday morning’s premarket report, just as the company provided first quarter 2021 guidance that reflects higher expectations on strong steel demand leading to a rise in price. That led to an excellent session wherein X approached its previous high of the calendar year thus far, though it did ultimately come up just shy of the mark.
Our designated targets, the X Weekly $22-22.50 Calls fared quite well, with the PPS surging past and holding over $24 into the close. That facilitated the following gain opportunities for anyone who happened to catch our signal:
X Weekly $22-22.50 Calls
$22: 51-2.33 (+357%)
$22.50: .26-1.89 (+627%)
eXp World Holdings Inc. EXPI:
Speaking of solid options plays, on Wednesday morning we threw out an idea for the EXPI chain, specifically targeting the EXPI 03/19 $50-52.50 Calls. The stock performed exceedingly well to close out the week, running to new highs.
That move enabled our options plays to record some excellent double bag trading ranges, and with the momentum built up in the stock, we’re going to want to continue to track these ideas, in addition to rolling up to include the EXPI 03/19 $55 Calls.
EXPI 03/19 $50-52.50 Calls
$50: 2.16-5.30 (+145%)
$52.50: 1.45-3.70 (+155%)
Fresh Options Plays:
PBR 04/01 $9-9.50 Calls
YALA Weekly $22.50-25 Calls
Extended Watchlist:
DVFI, LRDC, ILUS, FTXP, IMTL, NLST, BTCS, BTSC